Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    FX Spot, Derivatives Markets Turnover Sinks by 47%

    July 12, 2026

    BUA Foods Momentum Pauses Ahead of Q2 Earnings

    July 12, 2026

    IntBrew Gains 40%, Plans to Return Capital to Shareholders

    July 12, 2026
    Facebook X (Twitter) Instagram
    Trending
    • FX Spot, Derivatives Markets Turnover Sinks by 47%
    • BUA Foods Momentum Pauses Ahead of Q2 Earnings
    • IntBrew Gains 40%, Plans to Return Capital to Shareholders
    • Iran, Oman End Hormuz Talks Without Breakthrough
    • Ukraine Sets Russian Refinery Ablaze in Fresh Drone Attack
    • Naira Slides Amid Bullish Economic Growth Estimates, Robust FX Reserves
    • Before You Invest A Dime
    • XRP Buoys as SWIFT Taps Ripple’s Partner Banks for Tokenised Payment
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Sunday, July 12
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » Uncategorized » FG Overhauling National Grid to Improve Power Supply

    FG Overhauling National Grid to Improve Power Supply

    Julius AlagbeBy Julius AlagbeOctober 29, 2024Updated:February 12, 2026 Uncategorized No Comments2 Mins Read
    FG Overhauling National Grid to Improve Power Supply
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    FG Overhauling National Grid to Improve Power Supply

    The Federal Government says it is overhauling the national grid to reduce the frequent disturbances and improve power supply across the country. The Minister of Power, Mr Adebayo Adelabu said this in Abuja on Tuesday at a media briefing.

    Adelabu said that the national grid was over 50 years with components that were weak, obsolete, and dilapidated, which included the lines sub-stations with old transformers He said that most of the towers installed a long time ago were falling due to the effects of weather and climate changes, adding that they need continuous maintenance.

    “This  grid requires a lot of money to maintain in order to ensure adequate and regular maintenance.

    “So, what we have now, we will continue to manage it and prevent frequent disturbances until we are able to overhaul this infrastructure a 100 per cent, ‘’ he said.

    Adelabu said that the Federal Government was not quiet about revamping the entire grid structure as various programmes were being   put in place to ensure that old infrastructure were replaced.

    He listed the programmes to include Presidential Power Initiative (PPI) known as the Siemens project which is currently ongoing, the Transmission Company of Nigeria (TCN)’s expansion programme supported by the World Bank and African Development Bank (AfDB) .

    According to him, the pilot phase of the Siemens project has just been concluded and this involved importation of 10 power transformers and 10 power mobile sub-stations.

    He said that phase one of the Siemens project would soon commence after which the grid performance would be better than what was being experienced presently.

    The minister said that the improvement witnessed in the power sector was not accidental, adding that many old power transformers were replaced by new ones.

    “ We have also installed and commissioned all the mobile sub-stations where they are needed and that is what contributed to stability being witnessed.

    “So, what we have now, we will continue to manage it and prevent frequent disturbances until we are able to overhaul these infrastructure a 100 per cent, ‘’ he said.

    The minister also appealed to Nigerians to protect power infrastructure, adding that they cost a lot of money. He said that vandalism of the infrastructure was causing hardship on Nigerians.#FG Overhauling National Grid to Improve Power Supply# Yusuf Approves N71,000 Minimum Wage for Kano Civil Servants

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Julius Alagbe
    • Website
    • LinkedIn

    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

    Keep Reading

    Rwanda Spends $32m on Fuel Subsidies in 4 Months- Minister 

    FG Lists 2 Savings Bonds for Subscription in July

    Crude Oil Prices Ease as OPEC+ Boosts Output

    DisCos Meter 241,590 Customers in 2 Months –NERC

    Investors Trade 1.68bn Shares worth N109.4bn on NGX

    Hormuz Closure: Trump Dismisses Iran’s Offer as Oil Prices Surge

    Add A Comment

    Comments are closed.

    Editors Picks

    FX Spot, Derivatives Markets Turnover Sinks by 47%

    July 12, 2026

    BUA Foods Momentum Pauses Ahead of Q2 Earnings

    July 12, 2026

    IntBrew Gains 40%, Plans to Return Capital to Shareholders

    July 12, 2026

    Iran, Oman End Hormuz Talks Without Breakthrough

    July 12, 2026

    Ukraine Sets Russian Refinery Ablaze in Fresh Drone Attack

    July 12, 2026
    Latest Posts

    Rwanda Spends $32m on Fuel Subsidies in 4 Months- Minister 

    July 10, 2026

    FG Lists 2 Savings Bonds for Subscription in July

    July 9, 2026

    Crude Oil Prices Ease as OPEC+ Boosts Output

    July 6, 2026

    DisCos Meter 241,590 Customers in 2 Months –NERC

    May 22, 2026

    Investors Trade 1.68bn Shares worth N109.4bn on NGX

    May 13, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.